For a period 0 t 1 0 , the force of interest is defined as ( t
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Question:
For a period 0t10, the force of interest is defined as (t)=kt. Find the equivalent constant rate of interest for the same period.
a) 5k1
b) ln(5k1)
c) e5k1
d) ln(e5k1)
e) 50k0.11
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